Thursday, October 17, 2013

Bravo, Harvard University president Drew Faust: Why should we boycott fossil fuel companies as investors if "we are extensively relying on those companies’ products and services for so much of what we do every day"

I also find a troubling inconsistency in the notion that, as an investor, we should boycott a whole class of companies at the same time that, as individuals and as a community, we are extensively relying on those companies’ products and services for so much of what we do every day. Given our pervasive dependence on these companies for the energy to heat and light our buildings, to fuel our transportation, and to run our computers and appliances, it is hard for me to reconcile that reliance with a refusal to countenance any relationship with these companies through our investments.